An 8-building “For Sale” industrial park totaling 294,350 RSF; buildings range from 17,000 to 62,000 rentable square feet.
$1.9 million equity investment which increased the financing to 96% loan-to-project costs. This was a “for sale” program and the client (developer) was confident he would pre-sell buildings during construction. Client was willing to subordinate to a high preferred return to the investor, in return for capping the return. Upon sell-out, the developer obtained over 70% of the profits from this transaction.